Exchange: NASDAQ·Updated 07:30 PM EDT
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CRDL Cardiol Therapeutics Inc - Ordinary Shares - Class A

$1.26
$0.07
(5.38%)
Today
Closed $1.23
$0.028
(2.28%)
After Hours
Reported EarningsAug 13
Mkt Cap$148.41M
Vol1.26M

About CRDL

Cardiol Therapeutics, Inc. is a clinical-stage life sciences company focused on the research and clinical of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. Its lead product candidate, CardiolRx, is a pharmaceutically manufactured oral cannabidiol formulation that is being clinically developed for use in heart diseases. The firm is conducting clinical studies to evaluate the efficacy and safety of CardiolRx in diseases affecting the heart: a Phase II multi-national, randomized, double-blind, placebo-controlled trial (the ARCHER trial) in acute myocarditis; and a Phase II multi-center open-label pilot study in recurrent pericarditis. It is also involved in developing a novel subcutaneously administered drug formulation of cannabidiol intended for use in heart failure. The company was founded by David Elsley, Eldon Smith, and Anthony Bolton on January 19, 2017 and is headquartered in Oakville, Canada.
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Bearish Sentiment

How do you feel about CRDL?

38493086Qq
$CRDL I personally LUV this move. This shelf filing is a positive and proactive step for the future negotiations. when we get a solid share price increase from good news, we could then take advantage of that good news with a capital raising at a high price. This basically lets larger potential pharma deal-makers know that they cannot try to buy us cheap thinking that we "need" them (at a low price). Example: 30 mill. shares at $5. or 15 mill. shares at $10. This lets the bigger companies know that we could have a cash runway for a longtime, or produce initial product ourselves. Basically this gives us some leverage during any future deal negotiations. Strong & Long CRDL !
14
Fastcapital
$CRDL The most important part of today’s update is the “fewer-than-expected recurrences.” This is coming from the actual blinded Phase 3 MAVERIC data, not from old Phase 2 results. The trial was designed with FDA input, and because fewer recurrence events are happening than originally expected, they’re increasing enrollment to preserve the statistical power of the study. They still don’t know whether CardiolRx or placebo is driving that lower recurrence rate, but considering how often recurrent pericarditis comes back after stopping IL-1 treatment, I think this is the part investors should be paying attention to.
8
38493086Qq
$CRDL I agree with Covode13 ( we truly are in rare times when Covode and i agree together ! LoL). But this is 100% accurate. I have spoken with a friend deeply entrenched with Cardiol, and they are saying the same thing. i beleive we are on the cusp of something really great, and we do not want anything less than a fantastic finish to this marathon, meaning the completion of this Phase 3 Maveric trial, and the subsequent read-out. So i much prefer the plan of increased enrollment and extending the trial and read-out to mid 2027, to give the absolute best opportunity for the absolute best results. There are a lot of eyes on this trial now, pharma companies for sure, but also the FDA is lock & step with Cardiol on what they are doing for this trial. It seems lots of people are now jumping on the wagon and cheering for this success / healthy / safe / affordable medicine. "Strong On Cardiol"
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ElieoG
$CRDL sell the news typical reaction. If it was a real bad news would have went down 30 % today. 7 to 10 % means its a great news.
7
HeyYio
$CRDL ahead of schedule for the 100 patients is very encouraging as it shows there is a desire and acceptance by these medical clinics to accept patients in this study. While waiting a little longer for the results of 150 patients.. it will clear the path for a quick application and acceptance in my opinion.
7
PDM21
$CRDL called this. However now all these sellers are the “sell the news” crowd that would’ve sold after the recruitment announcement anyways imo. Now that this is selling off, the announcement could be the reversal but this offering will hold down pressure for awhile is my guess
7
HeyYio
$CRDL Surprised at the blowback from the comments in the letter and the general developments. I dont like the delay. I was counting on a massive run pre results in Dec.. but a very low recurrence rate due to placebo is not a scientific probability I am counting on. I am using the phase 2 dramatic improvement in recurrence as the main reason for the phase 3 drop also. I am counting on huge results here. All in my optimistic opinion.
6
ElieoG
$CRDL volumes are getting lower each day it seems, everyone is holding untill the 100 % enrollment annoucement to see whats gonna happen i guess. Im holding untill mid 2027 , data results (you win big or looze all) . No point in stressing untill 2027 , wich is the 9th inning bases loaded.
6
HeyYio
$CRDL My AI's summary: ‐--- $CRDL — Key takeaways from the Sept. 14 H.C. Wainwright discussion: • MAVERIC Phase III enrollment remains targeted at 110 patients by end of September 2026. • Trial is running through ~20 major U.S. pericarditis centers, potentially expanding to 24. • MAVERIC has 90% statistical power assuming ~75% recurrence on placebo vs. 45% or less on CardiolRx — a 40% relative risk reduction. • Management said the ~75% recurrence rate following rilonacept withdrawal remains supported by current real-world experience at major pericarditis centers. • Phase II patients historically averaged 5.8 recurrences/year, falling to approximately 0.9/year during weaning and CardiolRx monotherapy. • Management said physicians have indicated even a ~35% reduction in recurrence could be clinically meaningful and support substantial adoption. • Cardiol sees CardiolRx initially as an “off-ramp” from rilonacept, with potential use earlier in treatment and potentially replacing corticosteroids.
6
Fastcapital
$CRDL B. Riley reiterates its BUY rating and $11 price target on $CRDL after a deeper review of the MAVERIC Phase 3 update. Their main takeaway: expanding from 110 to up to 150 patients is a prudent move to protect statistical power, not evidence the drug is failing. The blinded review showed fewer recurrences than expected across both arms. That could mean CardiolRx is performing better than assumed, or that placebo patients are relapsing more slowly. It’s impossible to distinguish while blinded. MAVERIC already reached its original 110-patient target ahead of schedule, with full enrollment targeted by year-end and topline data expected mid-2027. B. Riley notes that the successful RHAPSODY trial also had a lower-than-expected placebo recurrence rate. Cash runway extends into Q1 2028. B. Riley sees the recent selloff as excessive, but the actual Phase 3 results will determine the outcome.
3
Ramseydog
$CRDL ARCHER Phase II just published in ESC Heart Failure ❤️ CardiolRx cut LV mass vs placebo in acute myocarditis (−9.2 g, p=0.0117) and was well tolerated. Same anti-inflammatory signal behind pivotal MAVERIC in recurrent pericarditis — 110 enrolled early, expanding to ~150, cash into 2028. 🚀 #CRDL #CardiolRx #MAVERIC
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PDM21
$CRDL taken directly from a letter from Elsely to shareholders released today. One line here that if they believe this to be true I’d expect a nice recovery in SP soon. “One possible explanation is that CardiolRx™ is reducing recurrence risk by more than the trial was designed to detect, although this cannot be determined by a blinded review of the event count.” He also says they are unaware of factors that could’ve affected the study expectations besides the administration or cardiolrx or placebo. If speculation of cardiolrx possibly outperforming expectations this will climb nicely before the readout then rip if the data confirms that it significantly beat expectations.
5
Covode13
$CRDL the information that David put out seems to me they need to recruit more patients for the research, because the results they are getting. They weren’t prepared for. Meaning, they had an idea from phase 2 results maybe what it could do. So they had a limit on how far it could do as research. But they saw it as been doing even better then they expected that they needed 40 more patients to advance the research for further limits. I see this being a benefit because the drug is better and they want to get the research out of the way now then have to come back to it and redo all the funding. Already doing the research why not just push it further to get better eyes on the results and more investors and big pharm will be running to buy this.
4
cdntradegrljenn
$CRDL Cardiol just hit MAVERIC enrollment early, expanded the Phase III to strengthen the CardiolRx efficacy case, and Canaccord is still pounding the table with a Buy and a $10 target. Cardiol Therapeutics has already reached its original 110-patient target ahead of the end-of-September guide, then moved to as many as 150 patients after a blinded review showed fewer recurrences than expected. The company calls that expansion proactive: more events, more statistical power, a stronger package for the mid-2027 topline and a later regulatory filing. Canaccord is treating the same news as a positive. The firm reiterated Buy and a $10 12 month PT, arguing the steering committee’s call after fewer-than-expected recurrences favors CardiolRx on a trial built to detect recurrence-risk reduction. That $10 mark also sits near Street consensus. Fast enrollment. A bigger, cleaner efficacy shot. A $10 Buy still on the board. Not investment advice. See disclosures.
4
Fastcapital
$CRDL I’m adding pretty heavily here. Cardiol has had these sharp drops before, and to me this feels more like a sell-the-news reaction than a change in the story. The Phase 3 update actually showed fewer-than-expected recurrences in the blinded data, which is exactly the kind of signal I’m watching in a trial built around preventing recurrences. Yes, they’re adding patients and the readout moves out, but they’re doing it to preserve statistical power. The underlying Phase 3 story looks increasingly interesting to me. And then there’s the partnering side. Nothing is guaranteed there, but with the Phase 3 program progressing and the data building, that optionality is getting harder for me to ignore. This is exactly why I’ve been in $CRDL, and why I’m using this weakness to add more.
4
ElieoG
$CRDL So if I understand correctly the data is so good to be true that they want to make it even better by extending the trials a little. That way the final results will speed up the approval since it will be even more solid than expected.
4
PDM21
$CRDL if this is mostly retail selling it’ll pop right back. I’m expecting another .25 down but considering how well it held around 1.80-2.00 it might come back soon. We’ll see
3
focafoca99
$CRDL posted that it hit its Phase III MAVERIC enrollment target early and will expand the trial to up to 150 patients.
3
profitdaddy
$CRDL - Potential Swing Trade here. The company just brought in over $7 million through warrants and now has funding into early 2028. I'd like to see it break $1.90 and then it should pop back over $2.00 range.
3
Covode13
$CRDL I think the big boys are selling because they know they have more time for this to go back up. So take profits while you can and buy lower from the big money moving the share prices for their benefit
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